How The New Operating Lease Could Affect Companies
As far as Accounting for ‘Operating Lease’ concern, under current FASB rules, a company can classify a lease as ‘operating lease’ if the lease period is less than the useful life of the asset and the...
View ArticleAccounting For Lease Incentives Vs Tenant Improvements
The accounting for lease looks quiet simple, doesn’t it? But if you really go in to the field and experience with the real transactions, you will find a lot of different transactions involved before...
View ArticleHow Residual Value Affects Accounting For Lease
In short, residual value is the estimated fair value of the leased asset at the end of the lease, and can be either guaranteed or unguaranteed by the lessee. Guaranteed residual values are usually...
View ArticleHow to Account Fixed Assets Acquired by Leasing?
Companies acquire their fixed asset in some different ways. Rather than simply purchase their fixed asset, some companies may choose to lease theirs. You record purchased fixed assets at their cost...
View ArticleHow Lessee Account Lease Transaction Based on IFRS
Despite recent disagreement between the IASB’s IFRS and FASB’s US-GAAP, on the lease accounting topic, lease transaction has became a popular way for companies to finance long-lived assets, for years....
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